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Timothy J. Herman, FSA, EA, MAAA

Principal, Consulting Actuary
Brookfield, WI, US

Tel: +1 262 7842250

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Professional Designations

  • Fellow, Society of Actuaries
  • Enrolled Actuary, ERISA
  • Member, American Academy of Actuaries
  • Director, Wisconsin Retirement Plan Professionals Ltd.


  • BS, Mathematics, University of Wisconsin
  • MS, Actuarial Science, University of Wisconsin

Current Responsibility

Tim is a principal and consulting actuary in the Milwaukee office of Milliman. He has 20 years of experience and rejoined the firm in 2011. Tim is currently the lead consultant for a number of clients with work relating to various types of retirement plans.


Tim has spent more than 20 years providing retirement consulting services to plan sponsors that range from small privately held companies to large publicly traded companies and large public plans. He has served plan sponsors on a variety of subjects, including employee benefit plan design, experience studies, actuarial valuations, cost estimates, individual benefit calculations, merger and acquisition consulting, and plan governance issues. He has also performed stochastic projections of both assets and liabilities for several large public plan clients. He has assisted several public employers with the analysis of the impact of their retiree medical plan under Government Account Standards Board (GASB) Statement Number 45.

Tim served on the Society of Actuaries Education and Examination Committee. He has been a speaker on pension and employee benefit matters at Milliman technical meetings and at various professional meetings. He has also taught classes in the Certified Employee Benefits Specialists program (CEBS).

  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman